AP source: Biden-Manchin talks on $2T Dem bill going poorly
ABC News
Negotiations between President Joe Biden and holdout Sen. Joe Manchin over Democrats’ $2 trillion social and environment bill are said to be going poorly
WASHINGTON -- Negotiations between President Joe Biden and Sen. Joe Manchin over the Democrats' huge social and environment bill are going poorly, a person familiar with the talks said Wednesday, the latest sign that leaders’ hopes of moving the bill through the Senate before Christmas were increasingly bleak.
Manchin, D-W.Va., has told the president he wants to eliminate the measure's extension of a more generous child tax credit, said the person, who would describe the situation only on condition of anonymity.
Manchin told reporters that assertions he opposes that tax credit were “a lot of bad rumors."
Senate Majority Leader Chuck Schumer, D-N.Y., has said he wants the Senate to approve the 10-year, nearly $2 trillion legislation by Christmas in hopes of using the upcoming holiday to prod Manchin and others to resolve final disputes over the bill. Democrats need all their votes in the 50-50 Senate to advance the legislation, and unresolved disputes with Manchin and other time-consuming hurdles have made it seem increasingly unlikely that senators could even begin debating the bill before the holiday.
U.S. applications for unemployment benefits fell last week, remaining in the same range of recent years despite a broadly tepid labor market
Uber says it will invest up to $1.25 billion in Rivian Automotive to help launch up to 50,000 robotaxis
Kuwait says a drone attack targeting an oil refinery has sparked a fire
The National Retail Federation, the nation’s largest retail trade group, is forecasting annual retail sales will grow at a faster clip this year than last year, citing consumers’ resilience despite lots of economic volatility
U.S. wholesale prices came in hotter than expected in February
U.S. wholesale prices came in hotter than expected in February
Macy’s profit rose more than Wall Street expected in the fourth-quarter, and the retailer delivered another increase in comparable sales Wednesday
Iran's judiciary says it has executed man for allegedly spying for Israel's Mossad as war rages
Japan has recorded a trade surplus of 57.3 billion yen, or $360 million, in February, according to government data, reversing from a deficit a month earlier
The Iran war has rattled the global flow of oil, with steeper fuel costs already straining households worldwide
The Wisconsin state Senate has passed a $133 million package to combat contamination from forever chemicals
Colombia says it is seeking a license from the U.S. Treasury Department to invest in several electricity and natural gas ventures in Venezuela
The Iran war has scrambled the Federal Reserve’s outlook on inflation and unemployment and will likely further delay interest rate cuts this year, putting off any relief for consumers struggling with high borrowing costs for home and car purchases